by AIP Online Bureau | Oct 21, 2022 | Indian News, Life
Vibha Padalkar,Managing Director and Chief Executive Officer of HDFC Life said, ”we can easily do away with 100-150 branches from the existing 383 (ours and around 200 of theirs). Some of our own branches will also be shuttered but there won’t be any...
by AIP Online Bureau | Oct 15, 2022 | Indian News, Life, Regulation
“We are delighted to have completed the entire transaction in a short span of time. This merger has been made possible due to the encouragement, timely approvals and support from our regulator – IRDAI and all other authorities involved in the process”...
by AIP Online Bureau | Oct 13, 2022 | Indian News, Life, Regulation
With the transfer of its life insurance business to HDFC Life, Exide Industries acquired 4.12 per cent stake in HDFC Life New Delhi: Insurance sector regulator Irdai has granted final approval to HDFC Life Insurance Company Ltd (HDFC Life) to merge Exide Life into the...
by AIP Online Bureau | Sep 22, 2022 | Health, Indian News, Life
Ritesh Kumar, MD & CEO, HDFC ERGO General Insurance Company, said, “Combined products are ultimate customer friendly solutions, where a customer can enjoy benefits of two products under a single plan without any hassles. With launch of this plan, we have...
by AIP Online Bureau | Sep 17, 2022 | Indian News, Life, Regulation
Earlier this year, HDFC Life had announced acquisition of 100 per cent stake in Exide Life from its parent Exide Industries after issuing over 8.7 crore shares at an issue price of Rs 685 and a cash payout of Rs 726 crore, aggregating to Rs 6,687 crore New Delhi: The...
